OLD National Bancorp IN Purchases 515 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

OLD National Bancorp IN raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,459 shares of the company’s stock after acquiring an additional 515 shares during the quarter. OLD National Bancorp IN’s holdings in Archer-Daniels-Midland were worth $1,237,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ADM. Cherry Tree Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth $27,000. Crewe Advisors LLC purchased a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at about $30,000. Rise Advisors LLC bought a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at approximately $34,000. BOK Financial Private Wealth Inc. purchased a new stake in Archer-Daniels-Midland in the 1st quarter worth approximately $34,000. Finally, EdgeRock Capital LLC purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at approximately $35,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Down 0.1 %

ADM stock traded down $0.03 during midday trading on Friday, reaching $58.45. 1,640,173 shares of the company traded hands, compared to its average volume of 4,924,484. The firm has a market capitalization of $28.90 billion, a price-to-earnings ratio of 10.25 and a beta of 0.74. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $86.89. The business has a 50 day moving average of $61.69 and a 200-day moving average of $59.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). The company had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.41 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on ADM shares. JPMorgan Chase & Co. increased their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Citigroup cut their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $64.62.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.